Technical analysis of AUD/CHF for October 10, 2016
October 10, 2016 12:17 pm
AUD/CHF has been trading between two moving averages 50 and 200 but today it closed above both of them suggesting the continuation of an uptrend.
The nearest resistance remains at 38.2% Fibs (0.7473) which is very likely to be tested. However, only a breakout above this resistance could provide further growth. At this point consider buying to target 0.7473 level and if broken 0.7526 and 0.7612. The stop loss should be just below 61.8% Fibs (0.7387)
Support: 0.7387, 0.7430
Resistance: 0.7473, 0.7526, 0.7612
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
AUD/CHF has been trading between two moving averages 50 and
200 but today it closed above both of them suggesting the continuation of an
uptrend.
The nearest resistance remains at 38.2% Fibs (0.7473) which
is very likely to be tested. However, only a breakout above this resistance
could provide further growth. At this point consider buying to target 0.7473
level and if broken 0.7526 and 0.7612. The stop loss should be just below 61.8%
Fibs (0.7387)
Support: 0.7387, 0.7430
Resistance: 0.7473, 0.7526, 0.7612
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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